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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector.

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The 4 most overhyped technologies in IT

CIO Business Intelligence

No one denies its transformative potential, but digital leaders say a majority of people seem to think generative AI, which Gartner recently placed at the peak of inflated expectations in its 2023 hype cycle , has more capabilities than it does — at least at this time. Consider some recent survey findings.

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Top 10 business needs driving IT spending today

CIO Business Intelligence

Taken all together, those tech initiatives — along with her cloud-first/SaaS-based modernization projects — are helping the cloud HCM software maker scale its digital capabilities to meet increasing employee needs and customer demands, Rasmussen says. billion in spend by 2025. That’s why IT spending right now is so strategic.

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Celebrating Data Superheroes: The 2021 Data Impact Awards Winners

Cloudera

As a bank that understands the future of financial services as data-driven, Bank of the West chose to adopt the Cloudera platform as the linchpin of its digital transformation. This, in turn, has had a positive impact on innovation and decision-making aimed at improving customer services and reporting. . Industry Transformation.

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Upskilling and reskilling for talent transformation in the era of AI

IBM Big Data Hub

As the AI era takes shape through digital transformation initiatives, executives and employees alike are contemplating how it affects employment and the skills needed to stay ahead. Customer service Customer service is most CEOs’ top discipline for deploying generative AI, according to an IBM Institute for Business Value report.